Property Details
About this Property
Multi-family - Lake Tahoe Investment - Two Properties, One Price – Income + Lifestyle in the Heart of Truckee Welcome to a rare opportunity in Truckee’s highly sought-after Armstrong Tract — a distinctive property that offers not just a home, but a lifestyle investment. With two parcels included—a spacious, character-filled residence plus a buildable lot next door—this is your chance to live, rent, build all at once. Whether you’re an investor eyeing strong cash flow, a first-time buyer looking for flexibility, ski rental or a multi-generational household seeking space and privacy, this property delivers across the board. It's also a smart choice for employee housing, with multiple rental-ready setups and immediate income potential. Current rental income exceeds $7K per month. Eligible for the Lease to Locals program, offering extra income right out of the gate. And with a price of just $421 per square foot, it’s one of the best values in the area. Situated at a lower elevation, this home is just minutes from Donner Lake, I-80, shopping, dining, World Renowned Ski Resorts, Tahoe Donner trail access and downtown Truckee.
MLS Listing Information
MLS #
CC41095125
MLS Source
Contra Costa Association of Realtors
Days on Site
16
Interior Features
Bathrooms
Primary - Shower(s) over Tub(s), Primary - Tile, Primary - Tub, Primary - Updated Bath(s), Tile, Updated Bath(s), Window
Kitchen
Countertop - Solid Surface / Corian, Updated
Appliances
Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator, Washer
Fireplace
None
Flooring
Carpet - Wall to Wall, Hardwood, Vinyl
Laundry
In Laundry Room
Cooling
Ceiling Fan
Heating
Forced Air
Exterior Features
Roof
Metal
Foundation
Crawl Space
Pool
None, Pool - No
Style
Other
Parking, School, and Other Information
Garage/Parking
No Garage, Off-Street Parking, Parking Area, RV/Boat Parking, Garage: 0 Car(s)
Water
Public
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
12255 Sierra Dr is a Single Family Residence in Truckee, CA 96161. This 2,535 square foot property sits on a 0.43 Acres Lot and features 6 bedrooms & 3 full bathrooms. It is currently priced at $1,068,000 and was built in 1963. This address can also be written as 12255 Sierra Dr, Truckee, CA 96161.
©2025 Contra Costa Association of Realtors. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Contra Costa Association of Realtors.
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This listing information is up-to-date as of May 04, 2025. For the most current information, please contact Kristen Pepin, (203) 520-8234
